An OCC proposal that would allow exemptions for national banks and federal savings associations from OCC suspicious activity reports ("SAR") requirements was published in the Federal Register.

President Joseph R. Biden designated Commissioner Allison Herren Lee as Acting Chair of the SEC.

Heath P. Tarbert resigned his position as CFTC Chair. He will remain one of the agency's five commissioners. Commissioner Rostin Behnam was elected to serve as Acting Chair.

A broker-dealer settled FINRA charges for failing to adequately address red flags arising from residential mortgage-backed securities transactions negotiated by one of the broker-dealer's associated persons.